In an address to financial leaders in New York Thursday, US President Barack Obama called for more regulations and urged bankers to "join him in the effort to reform the financial system".
France 24's Douglas Herbert analyses Obama's Wall Street Speech
The US president also took on criticism that his reform measures were aimed at stifling free markets. Obama stressed that he was not against the power of the free market. Obama assured investors he believed in the "power of the free market" and a "strong financial sector that helps people to raise capital and get loans and invest their savings. But,” he added, “a free market was never meant to be a free license to take whatever you can get, however you can get it.”
Date created : 2010-04-22